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. the dow dropped 24-1/2. the s&p 500 slipped 7. nasdaq fell 22.5. president obama has been in hawaii for some holiday r&r. the republican lawmakers are likely hoping that means he is rested and ready make a deal on the fiscal cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the po
before the talks broke down. we have the quotes. john boehner said to obama, quote, i put $800 billion in tax revenue on the table. what do i get for that? allegedly we understand president obama came back to him and said, you get nothing. i get that for free. you get nothing. >> there were a couple eye-opening quotes. a "wall street journal" story before christmas that went through the timeline of how this happened between painer and the president -- boehner and the president. boehner put the rough knee on the table and the president saying that's what i get out of the gate. you get nothing for that, which was a surprise to the speaker. he said if we go over the cliff, that the president threatened boehner, he said i will use my inaugural address to blame you for tax increases and for the fiscal cliff going overboard. that brings out pretty big guns when it comes to a president's bully pulpit. if atlantes to use that to play politics, that's significant. >> i have to bring this up. but how did they get to the point where the speaker tried to bring a vote to his caucus to be rejected?
. now time for your h comments. writing into their hope barack obama gets all the taxes he wants. i'll bthe first to say i toldd you so when the consequence happens.n t people learn the hard way.n obama never negotiate, he just demands something of complaints. when he doesn't get what he wants. he is far more mature than that, don't you think? we will keep thinking about that. thank you for your comments. we love hearing from you. we love hearing from you. >>> a massive winter storm wreaks havoc bringing blinding snow and devastang tornadoes. at least six are dead, over a thousand flights canceled nationwide stranding holiday travelers and worries things could get worse. welcome, i'm eric bolling in for neil cavuto and this is your world and we're tracking a deadly winter storm as it makes its way towards the east coast. in indiana, heavy snow stranding dozens of vehicles asolkseal with blizzard. a foot in bloming to know. across the south and southst 34 twisters leveled homes. in mississippi for than 25 people injured and 70 homes damaged. that number expected to rise. the storm kn
on windows. okay, i'm outta here. cascade. the clear choice. >>> welcome back, everyone. president obama is heading back to the white house. he's cutting his vacation short to be in washington where priority number one is avoiding the fiscal cliff. >> unless the president obama and congress can reach a deal by the new year, tax increases and spending cuts will take deep effect. >> president obama's re-election was one of the biggest political stories of the year. >> with the first of our year enders, here's abc's karen travers. >> reporter: president obama had to overcome a well funded opponent, struggling economy and voter doubts that he had the right agenda to turn the nation around. and after a roller coaster season, he got them. mitt romney may have started off at the front runner, but to win the republican nomination, he had to fend off some feisty challengers. >> he's the worst republican in the country to put up against president obama. >> reporter: and overcome some self-inflicted wounds. after 50 primary contests, romney clenched the nomination and it was on to the general elect
investors as the president speaking moments ago tries to calm the fray. plus, president obama making it official. >> i'm very proud to announce my choice for america's next secretary of state, john kerry. >> the president calling on the veteran massachusetts senator to fill secretary clinton's spot. plus in the wake of the new town shooting the national rifle association breaks its silence. >> out of respect for the families and until the facts are known, the nra has refrained from comment. >> harris: and the group's ceo placing some blame. >> we have flood soaked films out there. vicious, violent video games. >> and the nra offering a proposal, an armed officer in every single school in america. also, mexican police locked up this former u.s. marine months ago, accused him of trying to bring a gun into the country. >> a lesser person would have pleaded guilty. >> they chained him to a bed and reportedly threatened his life. but this marine stayed strong. and now time finally to come home. i'm harris faulkner in tonight for shepard smith. and we begin tonight with president obama's n
on a limb here and it will tell you where we are in tribal politics that when barack obama praised mccain and six, and need to see a republican senate immediately sent an e-mail to "politico" saying that kills the land. if he is for it, work instead. this is less about ideology now than tribalism. so that's the challenge we have and it's not encouraging moderates are providing space. it's intimidating them. getting into the question of every time i get people who live congress, look at republicans in the psyche been inside a tent we are breathing a gas and suddenly you're outside and say how could i have done not? how could i have acted that way? whenever ideas is to create a shadow congress that consists of former members who span the spectrum, to start a common set of facts and have them debate not in the way congress used to because congress is never a great debating society, the genuine debates and discussions that are going to have huge audiences but can provide a model for how voters who yearn to have a discussion about options are. you conservative notion that there is somethin
, john if you come back with the deal, that you fashioned with obama this doesn't get more than say 100 votes or so and the republicans, cancer has cantor has started a whispered campaign and you are going to be -- we saw it happen with speaker gingrich and it can happen here. boehner walked away from a deal shortly after that. >> i want to come to the interplay between the leadership on the republican side in in a second but i have to ask this based on what you said. i think you know the president gave what was initially an off the record interview to the "des moines register" editorial board, speaking although he did not get the endorsement of that paper in one of the things he said in the interview was he believed he could get a grand bargain struck on the debt ceiling if he were reelected on november 6. a son what you're saying they may not be possible if if the freshman and now sophomores and many members who come and don't eventually give a nether blessing to cut a deal. in her may feel in the same tough spot now that but he was last year. a ground part and based on what you say m
of hot water for making nice with president obama in the wake of hurricane sandy. >> 2.8 million people without power. i've watched these extraordinary scenes over new jersey today, really quite unprecedented. i've never seen anything quite like it. have you ever seen anything like this in your lifetime? >> no, i haven't. you know, you see sights like the seaside heights board walk where the program "the jersey shore" is filmed, the boardwalk is gone. it is gone. music rides, roller coaster ride, in the ocean. it's incredible. homes destroyed. it's an awful thing. >> you've taken charge, as you've always done in these situations, in a very impressive way. people have been surprised you've been so outspokenly supportive and praiseworthy to the president. i'm not surprised knowing you but explain to me why you were happy to do that so close to an election when some might say politically that wasn't the best thing to do. >> this is much more important than any election, piers. this is the livelihood of the people in my state when the president does this evenings that deserve praise, i will
. >>> aloha means good-bye. president obama cuts his hawaiian vacation short to deal with the fiscal cliff. it is already too late? good morning, 7:00 in the east. i'm alina cho. >> and i'm drew griffin. soledad o'brien is off today. "starting point" begins right now. >>> our starting point, a cruel one. a one-two christmas punch from mother nature. tornadoes and blizzards tearing through the south and midwest. >> oh, my god. we need to go. it's right there. >> mobile, alabama, took a real beating. a twister blowing up transformers, leaving more than 25,000 customers without power. reports to damage to homes, a high school, and church. >> it came in behind the church right there, and then all green fluorescent lighting and popping transformers left and right. and we heard the crashing and everything and the power went out. >> i prayed to god as loud as i could, and i was just praying for my safety, and i knew the church was shaking. i just prayed that the church stayed put. >> here is the other half of this story, blizzard conditions blanketing much of the midwest and the northeast will ge
and the editor -- editor-in-chief of nip review of -- -- mit review. host: we heard overnight president obama is cutting short his vacation to hawaii. he is returning to deal with economic matters, the fiscal cliff. if his death has been quietly talking with senate democrats are the christmas holiday to come up with a planned to avert or prevent the cliff. in the meantime, the senate does plan a session tomorrow. perhaps we will hear more about an agreement before the new year's deadline. the house is due tomorrow as well. we do not have an agenda and there. with the fiscal cliffhanging out there heading into the year 2013, do you have optimism or pessimism heading into the new ? you can also send in your comment via twitter, a post a comment on facebook, or write us an e-mail. the theme of optimism or lack of it is prevalent in the papers. wednesday with congress and the president heading back to washington. here is a headline on "usa today." in the wall street journal -- if the in "the washington post." we welcome your phone calls. we will get to them in a moment. we did find another piece
of the south, not over yet. president obama brings his christmas vacation short as the clock ticks down on the fiscal cliff. >>> and why are movies so long? >>> a look at the world's longest high speed train. good morning to you. i'm richard lui. christmas was anything but merry for residents of the deep south, where a winter storm packed a dangerous deadly punch. at least three deaths are being blamed on a severe weather system that spawned tornadoes in four states and dumped snow as far south as texas. the latest from alabama. >> reporter: oh, wow. oh, jesus, look at that tornado. >> reporter: in mobile, alabama, a christmas surprise no one wished for. a tornado caught on video as it touched down right this city center. emergency management officials say the twister left lots of damage in its wake blowing out first and second floor windows at the mobile infirmary medical center and the roof at the high school. so far no injuries or death, but wit trees and power lines down tens of thousands are without electricity. one store sent customers scrambling for cover. >> one customer looked
"first look," a nasty storm brings treacherous blizzard conditions south. >>> president obama cuts his christmas vacation short for the fiscal cliff. >>> and the longest high speed train. good morning. i'm richard lui. christmas was anything but merry for residents of the deep south. christmas packed a deadly punch. three residents are victims of the storm that hit four states as far south as texas. >> oh, wow, oh jr, look at that tornado. >> reporter: in mobile, alabama, a christmas surprise no one wished for right in this city center. it left lots of damage in its wa wake, blowing out first and second floor windows at the medical center and the roof at the high school. there are no deaths but tens of thousands are without electricity. it sent customers running for cover. >> he looked out the windows and said there is a tornado coming. i looked out, saw the debris flying around, got everybody and the customers an said, we need to run to the back and everybody huddle down. >> i probably hurt my baby grabbing her running for protection. there was no time. >> reporter: the twister was fr
obama after meeting with congressional leaders. our top story seen or run the country tonight. live in our newsroom with negotiations going into the weekend. our focus now shifts to the senate obama says he is modestly optimistic that leaders can craft a deal. leaders of the house and senate met with president barack obama at the white house this afternoon where they heard that if two sides do not agree on a bill the president will urge the democratic senate to put forth a measure anyway. american people will not have any patients for a politically self-inflicted wound to the economy. the economy is growing but sustaining that trend is gong to require a elected officials to do their jobs. mitch mcconnell and his democratic counterpart harry reid are supposed to keep talking tomorrow there could be a breakthrough by the end of this weekend but the president has repeatedly demanded for the extension of tax cuts below $250,000. illinois comptroller judy thinks that the impact on illinois could be as high as $1 billion if lawmakers don't strike a deal before the deadline. social securit
obama is rushing back to washington. the question is what kind of reception he will get with the lawmakers he's been negotiating with? questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. get a spectrum 2 by lg for $49.99 and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and
tonight. late news on avoiding the tax hikes and budget cuts that could sink the economy. president obama is rushing back to washington. the question is what kind of reception will he get from the lawmakers he has been negotiating with. dana bash is doing some digging, so does david gergen and the rest of our political insiders. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious identity theft was until i lost my credit and eventually i lost my home. >> announcer: credit monitoring is not enough, because it tells you after the fact, sometimes
thought of what the congress said there? >> he makes a good point there. the pressure of the left. obama won a re-election and he learned that when he tried to negotiate in good faith with boehner and sort of move toward the middle and give concessions, criticized pretty sharply before maybe going too quickly to do that. i think he'll stand up longer this time. i don't think he's going to go lower. republicans of course want equal amount of spending cuts and the goal, the catch and how they do that. the president wants them to come forward with a plan. what do you want to cut? put it on paper. we'll see if that happens. won't happen in the next few days. i think again talking about more of a temporary measure. >> political fallout and as you heard congressman cummings there, meredith, he seems to think it will be -- fault aimed toward the republicans and won't it hurt both sides at the end of the day with the number of options on the plate? >> well, sure. i mean, if you look at congressional approval levels, excuse me, nationwide, i mean, people don't like congress. they don't like the f
approving a bill to ban the adoptions. it's scene as retaliation for a law signed by president obama imposing travel restrictions. the vote now goes to vladimir putin who's expected to sign it into law. >>> egyptian .mohamed morsi has signed the country's newly approved constitution into law. the upper house of parliament has convened its first session under the new charter. the new constitution was approved with more than 63% of the vote in two rounds of voting. turnout was low. the charter has polarized the country and resulted in sometimes violent protests. critics say it doesn't represent women, minorities and other groups. >>> there's a familiar face in the japanese prime minister's office. the parliament elected shinzo abe to lead the country five years after he abruptly resign. abe says his first mission is turning the country's economy around. and he's calling for safety tests on all nuclear plants. abe is the leader of the conservative liberal democratic party. he's japan's seventh prime minister in six years. [ male announcer ] break the grip of aches or arthritis pain with
gretchen carlson, thank you for spending your post christmas day with us. president obama cutting christmas vacation short and heading back to washington before we fall off of the fiscal cliff . can a deal be reached. >> a deadly winter storm unleashing snow and tornados . now thousands ever cleaning up and holiday travelers are stuck. i am tracking where the storm ised hading next. >> thank you, rick. take the gift card and hit the stores this morning. wait until "fox and friends" is over and then leave. "fox and friends" begins right now. "fox and friends". >> gretchen: good morning, i am gretchen carlson we are joined by clayton morris . rick as well . these are great guys, but clayton, because he is a tech guru of folks news and here to help all of us today. >> tech support this morning f. you have tech-related questions. send them and i will attempt to answer them all. i answered all of them. my wife said what are you doing on twitter? i said i am helping me. >> gretchen: we have big storms brewing and rick, you are aptly sitting to the right of me and you will help people get out of t
in style. he was aboard air force one as president obama returned to the white house. what a welcome. he will serve in the senate until the election is held in 2014. and the president is returning to washington as the treasury secretary warns the country is not in a good place when it comes to the national debt. timothy geithner says the government may hit its $16.4 trillion borrowing limit on monday. the president will hear about the fiscal cliff problem as well as members of congress return to washington to address the fiscal cliff. talks will take place behind closed doors. no public negotiations set. you have the debt and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting measures basically a fancy way of saying they're going to try to free up some cash to hold off, temporarily, this fiscal cliff. but it's still not looking good. >> i don't know about you at home, but kicking the can down the road, this has been happening over and over again. somebody has to make
somewhat but not so much now -- this time with obama. the reason why i say it does a little bit, you have to have a conscience when you deal with anything. especially when you make decisions for other people than yourself, you have to have a conscience. what i found very strange about the questions that have been calling into the show lately, they all keep trying to fault one person for the people since. i don't believe in abortion but i am pro-choice because it is not my choice to condemn anybody for doing a sin to themselves. god will judge them. i should never put my beliefs on somebody else and then judge of them. host: you said that religion is affecting your political decisions less lately and you said what their reelection of president obama. can you explain that a little bit more? caller: say it again? host: you said earlier religion is impacting your political decisions less this time around. why is that? caller: not less -- i said now that what is happening is people are judging our presidents on the laws and things he may or may not agree with -- he may not, i do not know which
on senate leaders met with president obama at the white house. they talked for about an hour. afterwards president obama said he was modestly optimistic. bypassing house speaker john boehner, who has had trouble getting his fellow republicans to agree to anything, the president called on senate majority on minority leads are harry reid on mitch mcconnell to work out a deal on then present it to the house. he also laid out a scaled down mini deal if they are can't manage it. >> if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor, i asked senator reid to do this, put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment is still available for 2 million people on that lays the groundwork for additional deficit reduction on economic growth steps that we can take in the new year but let's not miss this deadline. >> as for the two senate leaders, they spoke shortly after the meeting on sounded a bit more hopeful than the president. >> i think it was a very positive meeting. there was not a lot o
melt and shovels. >>> as the clock ticks down towards the fiscal cliff, president obama says he is hopeful to get a deal done soon. the president held talks today with congressional leaders at the white house this afternoon and afterwards said the meeting was constructive. fox's nicole collins has the details tonight. >> reporter: house speaker john boehner back in washington immediately heading to the white house for a late afternoon fiscal cliff meeting which brought the president and congressional leaders together for the first time since november, but it's unclear if it brought country any closer to avoiding the fiscal cliff. >> i'm modestly optimistic that an agreement can be achieved. nobody is going to get 100% of what they want, but let's make sure that middle class families and the american economy and, in fact, the world economy aren't adversely impacted because people can't do their jobs. >> reporter: the president called the meeting as lawmakers pointed fingers in this high stakes game of chicken. >> it's republicans who are holding hostage the middle class in amer
as any one of us members of society have. that is going to be interesting. going become to the obama clause, the obama healthcare act i thought that was a particularly interesting ruling from the court. i disagree, i think the 10th amendment belongs to the states. i stand aside from my colleague mr. burns on that one. jaime: you're entitled to your opinion, certainly. i want to ask you, take a lock at those two cases and contrast the make up of the court so far and in a second term president obama could aeu.as man appoint as many as two new justices. you probably still have kennedy as a swing. what do you think it will look like? >> it depend who leaves. route bader ginsberg will most likely be the next justice to leave the court. if that happens then ideologically it's a swap in a sense. and what you were getting at jaime, and you're right, what about the next seat that becomes vacant, there will be some type of ideological shift. i can't resist the editorial this it's unfortunate that people view the court action somewhat of a political institution in that the justices rule in fair
and hazmat crews are on the scene. gregg: president obama is apparently cutting his hawaiian vacation short heading back to washington tonight to restart the negotiations on the so-called fiscal cliff. if mr. obama and congress can not agree on a stopgap measure, automatic hikes and spending cuts will hit americans jan 1. peter doocy live in washington with more on this peter, what is the latest? >> reporter: gregg, the president said on friday he would see it this week and maybe if lawmakers went back to home districts to drink eggnog and eat cookies and sing christmas carols maybe they would be more in touch with the hardship so many americans are going to face if the fiscal cliff is not avoided. >> there is a mismatch right now between how everybody else is thinking about these problems. democrats and republicans, outside of this town and how folks are operating here and we've just got to get that aligned. >> reporter: the president's wife and daughters are going to stay in hawaii to continue vacationing. we're told the president may rejoin them or he may not. it all depends on how negot
president obama supports a ban on assault weapons proposed by california democratic senator dianne feinstein. getting it through congress quickly is highly unlikely, but the mere mention of a ban is enough to send sales soaring. and it's not just guns. brownell's, the world's largest firearm supplier, said it morently sold more than three- and-a-half years worth of a.r.- ag magazines in three days. even before newtown, sales of guns and ammunition this year were surging. chb.i. background checks of intential gun buyers were up 31% 20 november 2012 over 2011. in a report issued prior to newtown, the market research rack ibis world, which tracks the gun industry, found gun venthusiasts are working dermselves into a frenzy over what another four years under the obama administration may hold for gun laws." an instructor at nova firearms re falls church, virginia, where hey nearly sold out of a.r.-15s and high-capacity magazines after newtown. so, ironically, this shooting is a.spiring more people to buy this gun, the a.r.-15, and these mgh-round magazines. >> if i could, i would give ynator fein
to resolve the looming fiscal cliff crisis. president obama is ending his out vacation in hawaii today to make a late bid to reach a deal before the year and. the white house that he should be back in washington tomorrow when house and senate members are expected to reconvene. new this morning a car bomb had outside the u.s. base in eastern afghanistan has killed three people and injured six civilians. afghanistan police say the blast killed a security guard and two truck drivers delivering supplies. the tal bang claims responsibility for the attack which happened after a minibus stop at a deep for a security check. the international security assistance for says the base has been secured. if sampras as the woman will be arraigned today on charges of vehicular manslaughter that killed one pedestrian and injured two others in the twin peaks area. the 56 year-old died last week after a car hit her at the twin peaks lookout point. police say the driver was intoxicated. the victim's son told us he doesn't want another family or to suffer through this bad as they feel all because someone dra
. president obama cut his hawaiian vacation short and is due to land in washington tomorrow. but if politicians aren't feeling enough urgency, the people people. 50% of americans think a deal is likely. that's down nine points from just a few weeks ago. if we go over the cliff, it will affect all of us. if you're a family that makes $50,000 a year, your taxes will go up by $2,000. if you make $100,000, your taxes will go up by $4600. the come bination of tax hikes d deep cuts could end up like k like this. ore the cliff in a free fall. whisky and cigarettes in hand. tonight, we've got the view from both sides of the aisle. democrat from arizona and republican from wisconsin. earlier, i spoke to the arizona congressman and asked him what he would support a scaled down deal that the president pushed for on friday. >> yeah, i would. i think that's realistic. i think we're at a point after, after the implosion by boehner and the party not to be able to come to an agreement with president obama. that we're talking about a short fix relative to a new congress dealing with the comp
of schatz is flying to washington with president obama he is expected to be sworn in later. those are the headlines for you. >> clayton: we'll talk the scal cliff. today is the twenth. a few days left for congress and the president to get their act together. the president took a red eye flight back from hawaii. why did congress and the president go on raication at all. >> yeah, we all go to work. >> there is nothing on the table . kelley. >> a lot of people feel they are left in the lurch by the president and congress. and they didn't get the job done . here's what we are facing. we are teetering on the edge of the fiscal cliff. there are many members in congress who disaagree raising of tax. the president had gone up to $400,000 when house speaker boehner would raise the tax hikes . but the sticking point is enments and spending. >> clayton: the republicans saying that the president and democrats not forth coming enough on entitlements. here's what will unfold in a few short days as we break this down to you. >> put your seat belts on, people. >> clayton: tax rates will hit these
obama is packing his bags, heading back to washington to try to forge a deal on the fiscal cliff, with just six days left to negotiate, a deal to avoid the catastrophic cliff, the president will leave hawaii tonight to try to work on a bargain between democrats and republicans. brianna keilar is traveling with the president in hawaii and joins us now. good morning, brianna. did the president cut his vacation short or was it planned all along? >> reporter: he did cut his vacation short from what was initially planned which was to go through the new year, so yes, he cut it short. i think we have a sense he might be heading back to d.c., carol, you'll recall when talks fell apart last week between house speaker john boehner and the president as the president departed for hawaii he talked to reporters in the briefing room and he said "see you next week" so i think we had a sense he would be coming back earlier than initially planned and it was just a matter of when, not if, and he'll be heading back tonight, that's local time so he'll be traveling overnight, it's quite a long flight,
. >>> let's make a deal. president obama sitting down with top congressional leader from both parties in just hours. can they agree on something before sending the country over the fiscal cliff? >>> and holy cow. $8 for a gallon of milk? why that utterly ridiculous price could be a very real possibility today, friday, december 28th, 2012. >>> and good morning, everyone. welcome to "today" on a friday morning. i'm savannah guthrie. >> i'm willie geist in this morning. she is full of milk puns this morning. holy cow. utterly. >> what are you, lactose intolerant? >> the trifecta. >> we'll move on to the big story, which is the weather. we're bracing for another big storm before the last one is done. >> it's expected to bring a new round of travel headaches during a holiday travel weekend. how will it impact you in more on that ahead. >>> also, retired general norman schwarzkopf has died at the age of 78. he's being remembered as one of the greatest military figures in u.s. history. more on his remarkable life coming up. >>> also ahead, it happened again. a man shoved to his death in fron
mentioned, a law signed by obama a couple of weeks ago intended to penalize, sanction russian officials connected with this particular custody case and this tax evasion case in russia. >> so matthew, this law would go into effect january 1st. is there any chance that those cases that are pending where the paperwork is finalized and where people are expecting their children, essentially, in a month or two would be allowed to go through? >> well, there is a question mark hanging over those. there are 52 children, according to the kremlin, that are in the middle of this adoption process with u.s. parents. the law, as you say, starts on january the 1st, but it's only a couple of days until then. so unless that can be finalized, my expectation is that that will be put on hold and indeed that's what russian officials are saying, that they don't think this law has been enacted from january the 1st, these children should be allowed to go to the united states. instead there's been a call for russian families to step forward and take on those adoptions instead. >> all right, matthew, thank you ve
told larry king he hated war. president obama called schwarzkopf's death the loss of an american original. norman schwarzkopf was 78. >>> secretary of state hillary clinton will be back in the office next week. clinton has been recuperating at home from a stomach flu and a concussion suffered when she fainted and fell. her doctors have told her not to travel overseas for the next few weeks. but she is expected to testify before congress on the september attack on the u.s. consulate in benghazi, libya. >>> put the harps back in the closet. that's the word from former president george h.w. bush's chief of staff. she says the condition of the 88-year-old former president is not dire. his family is expressing confidence that he will soon be released from an intensive care unit. he's been treated for a high fever at a houston hospital. >>> with the nation reeling from the tragedy in newtown, connecticut, and engaged in a national debate on gun control, chicago reaches a deadly milestone despite the toughest laws when it comes to owning firearms. >>> federal investigators arrested a ne
it is not all that rare. kelly? kelly: jamie, thanks. right now president obama is cutting his vacation short to head back to washington and jump-start the fiscal cliff negotiations with congress. talks fell apart before christmas. the deadline now is just days away and there is no deal in sight to avoid the tax hikes and spending cuts set to go into effect january 1st. our juan williams is a fox news political analyst and he joins us today and very quickly, juan, merry christmas to you. >> merry christmas, kelly. kelly: this is daunting task facing congress to avert the so-called fiscal cliff that will set into motion more than $600 billion in drastic and draconian allic tax hikes and spending cuts. that will cause a lot of pain for all americans and does congress have enough time to act on this? >> they do. you know it will be very close and it may in fact go beyond the deadline per se although people are thinking at the moment it is possible to get something done by the end of this week. the key here, kelly, is the senate. we have been so focused on the house, speaker boehner, plan. about,
to strike a deal before the end of the year deadline. president obama is on his way to washington this morning while senators are coming back to capitol hill. chip reid is at the capitol. good morning. >> reporter: good morning. the president arrived back in washington in a little bit more than an hour. the senate comes back tonight and the house it could be a couple of days. there is not the sense of urgency you would think there would be with a critical deadline looming. some members of congress admit they may well just go over the fiscal cliff and deal with it in january after the new congress is sworn in. leaving his family behind to continue their vacation without him, president obama boarded air force one early this morning and headed for washington to deal with unfinished fiscal cliff business. with just five days until the combination of automatic tax increases and spending cuts that could send the economy back into recession, mr. obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority leader h
. >>> also this morning president obama cutting short his vacation in hawaii, heading back to washington that. will happen tonight to work on a fiscal cliff deal. don't wait for washington to reach a deal by the end of the year. coming up, what you can do right now to minimize the impact on your own bottom line. >>> jessica simpson used the holiday to confirm she is pregnant once again. she tweetd a picture of her 7-month-old daughter maxwell with the words "big sis." >>> in mobile, alabama, for us this morning, jim cantore. good morning. >> reporter: good morning, savannah. storm prediction center said we had as many as 34 tornadoes yesterday. average for the month of december is 26. church behind me here heavily damaged, two sections of the roof have been torn off and dropped below. christmas morning, that church was full of people and parishioners attending christmas service. power poles have been taken down as well. the last thing people in mobile expected on christmas day was to be cleaning up after a tornado. >> oh, my god! look at that. >> reporter: this was the scene in downtown mobil
from going over the so-called fiscal cliff. they say if president obama and congress don't make a deal we will almost certainly see a recession. do you buy that, steven? >> the congressional budget office is a nonpartisan group that does this and says we will in fact have an immediate rescission. they say that we come out of a short, sharp recession stronger than we would be if we didn't go into that recession in the first place. we stop borrowing money from the future to prop us up now. we have the immediate problems but in the long term we are in gets shape. that's what they are grappling this. how do they best structure this to do the least amount of damage now but get us to the good economy in the future. >> reporter: if you look up a research paper from the president's own economist you'll find in the long run we are healthier, short run, yeah, it's painful. is that what motivates some of the republicans that, you know, what are called chuckle heads, but maybe in the end they are wisdom heads. >> that is certainly part of the motivation there. the other part of the motivation, and
the tax hikes and budget cuts that could sink the economy. president obama is rushing back to washington. the question is what kind of reception will he get from the lawmakers he has been negotiating with. >> we have our political insiders coming up. santho, ho, ho!anta! santa! want to see some magic? watch this! merry chr... (crash) ow! i landed on my keys. did you get that? oh yeah. that was amazing. here you go. that was a fun trick! see? santa's okay. walk it off santa. share videos instantly with s beam. on the galaxy siii and note ii. for a limited time get two flip covers for the price of one. exclusively at verizon. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. [ female announcer ] live the regular life. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're bet
between the two sides centers around a balanced approach the budget. republicans say president obama wants too much revenue. that's taxes in normal speak and not enough cuts. >> at some point we're going to have to address the spending problem that we have. we can't cut our way to prosperity. we need economic growth. many believe the fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work. and more americans on the tax rolls. how we get there, god only knows. >> president obama doesn't see it that way. >> at some point there's got to be i think a recognition on the part of my republican friends, that you know, take the deal. you know, they will be able to claim that they have worked with me over the last two years. to reduce the deficit more than any other deficit reduction package. >> mohammed aladarin is the ceo of pimco and mark zandy is a chief moist at moody's analytics and joining me in studio is christine romans. the gdp for the u.s. grew at 3.1% over the summer. that's more than double the rate of the previous quarter. you c
, will there be a plan c or f for failing? peter: president obama expecting to arrive in d.c. tomorrow. white house says they will let us know if there is any update in the talks for congressional leadership. the leader's office is me no news to report. as of now, we are still headed for the cliff. on january 1, the nation faces a $5 trillion tax increase over ten years to the expiration of the bush tax cuts. the lapse of the bush tax cut would mean the top would go to 39.6. tax rates would also go all for lower income earners. the maximum lowest rate going back to 15%. four investors, capital gains rates would revert to 20%. dagen: i will not utter that word. thank you for that. growing pessimism when it comes to the club. some americans say we will get a deal. let's bring in ted kaufman. he is joining us from wilmington tell me what happens if we go over the cliff? >> i have been saying for a while we will go over the cliff. republican members in the house have made it pretty clear they will not vote for tax increases. this has been around for 30 years. the simplest answer to this is what i predicted
, it could be you, it could be me. >>> we just learned president obama will have a shorter hawaiian vacation than originally planned. mr. obama and the first lady traveled to a marine base in hawaii yesterday to visit with service members and their families. tonight, the president will make the long flight back to washington to resume negotiations to avoid that fiscal cliff. congress will also be returning on thursday, and we will finally see if they can come together and make an agreement. >> and the clock is ticking. we are now just days away. and the one thing that we off forget, this fiscal cliff, this isn't some small cliff we're talking about. this is like road runner, wylie coyote way off that cliff. you come off that cliff, it is a long way down. there are serious consequences for all of us. >> spending cuts, taxes raised across the board. and the president was hoping that everyone could cool off, drink of eggnog, spend time with the family and when you get back to washington on thursday, let's hammer it out. but a lot of people are saying it doesn't look like it may happen at all. >
be brought in later in the day. president obama has said, he said yesterday that if those leaders and those congressional negotiators cannot figure out how to compromise, then is he going to tell the senate just to vote anyways because he thinks with an up or down vote, senators with a support the plan that is already out there. the main hold up with the deal so far has been a fight over who should be classified as rich. democrats want to start letting tax cuts expire for anyone making more than $250,000. many republicans though want that number to go up to at least $400,000 a year. they think that's a better threshold. but, still, the senate minority leader mitch mcconnell thinks things are heading in the right direction. top administration officials say senator mcconnell has pledged to work closely with harry reid, the majority leader in the senate. we will see how that works out very soon since their deadline is monday at midnight. back to you. >> dave: are you optimistic, peter? >> cautiously. it seems for the first time in weeks the body language and the tone of the leaders leaving the
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